Indian employees have never had it so good.
Intense competition and rising attrition levels are forcing companies to hand out `15-20%` mid-term salary hikes.
Reliance Industries, Marico and Dabur have offered mid-term increments and out-of-turn hikes of `15-20%` to top performers in recent months. This is over and above the `15-20%` salary hikes handed out during annual apprisals last year. This comes at time when india Inc. Is desperately trying to hold back talent, especially in telecom, It, BPO and retail.
A massive recuritment spree in sunrise sectors like `BPO`, telecom and retail has led to a demand- supply mismatch and mid-term hiks going up to `40%` Average attrition rates in `IT` have moved up to `22%` from `18%` and those in `BPOs` to `50%` from `46%`. In the manufacturing sector, telent exodus is averaging `8-12%` .
Several corporates are even offering bonuses and increments on a quarterly basis to top teams. An HR head said , "Although it is a short-term reaction, we have to react proactively to the market scenario and retain our performers. If one loses an employee, the average time taken for a new person to pick up the skills is up to six months, which is critical time lost for a company. Also, replacement costs like hiring consultant would in any case add up to a huge expense and a lot of pressure on HR, " said Dabur India HR chief.
Company are identifying people who may be tempted to level and devising ways of retaining such talent-offering learning and development facilities for freshers, sending them abroad on one-year bonds (for six months postings), etc.
From the above paragraph, identify the two stages of staffing process.

Explanation

The two stages of staffing process referred improving here are :
(i) Training and development : These involve improving job knowledge, skills and attitudes of empolyees on a regular basis so that they may perform their jobs efficiently. Apart from this, training helps in career building and increasing motivation of employees. It may be done, while doing work, i.e., on-the-job or before doing work, i.e, off-the-job.
(ii) Compensation of employee It means all form of pay or rewards given to an employee. It may be in the form of direct financial, etc. or indirect payments such as insurance, free housing, vacation, etc.